Fisher Cynthia A 4
4 · BOSTON BEER CO INC · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Boston Beer (SAM) Director Cynthia Fisher Receives Equity Award
What Happened
Cynthia A. Fisher, a director of Boston Beer Co. Inc. (SAM), was granted equity on May 27, 2026: 358 restricted stock units (RSUs) and 691 option shares. Both grants were reported as acquisitions at $0.00 (no cash paid). The 358 RSUs vest in full on May 12, 2027 if Fisher remains a board member; the 691 option shares are reported as derivative securities and are immediately exercisable (subject to the company’s Director Stock Ownership and Retention Guidelines).
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 28, 2026 (appears timely).
- Grants: 358 RSUs @ $0.00 (restricted stock subject to vesting) and 691 option shares @ $0.00 (derivative). Reported total value at grant: $0 (per-share price listed as $0.00).
- Vesting/exercise: RSUs vest in full on May 12, 2027 if still a director (Footnotes F1–F2). Option shares are immediately exercisable but subject to Director Stock Ownership and Retention Guidelines (F5).
- Ownership disclosures: Some shares are held via an LLC and trusts managed/served by the reporting person; Fisher disclaims beneficial ownership except to the extent of her pecuniary interest (F3–F4).
- Filing timeliness: Reported the next day (May 28), which is within typical Section 16 reporting windows.
Context
These entries are equity grants (compensation) to a non-employee director, not open-market purchases or sales. Grants like RSUs and director options are routine for board compensation and do not by themselves indicate trading intent or a buy/sell signal. The options being immediately exercisable means Fisher could exercise them at her discretion, but the Form 4 shows only the grant (not an exercise or sale).
Insider Transaction Report
- Award
Class A Common
[F1][F2]2026-05-27+358→ 4,399 total - Award
May 27, 2026 Stock Option
[F5]2026-05-27+691→ 691 totalExercise: $181.63From: 2026-05-27Exp: 2036-05-25→ Class A Common (691 underlying)
- 122,923(indirect: By Foundation)
Class A Common
- 33,248(indirect: By LLC)
Class A Common
[F3] - 23,486(indirect: By Spouse)
Class A Common
[F4] - 20,537(indirect: By LLC)
Class A Common
- 3,656(indirect: By Children)
Class A Common
- 2,532(indirect: By Trust)
Class A Common
Footnotes (5)
- [F1]On May 27, 2026, the Issuer granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The shares will vest in full on May 12, 2027, provided that the non-employee Director remains a member of the Board of Directors as of that date.
- [F2]The shares reported include 358 shares of restricted stock subject to vesting conditions.
- [F3]The shares are held by a limited liability company managed by the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities except to the extent of her pecuniary interest therein.
- [F4]The shares are held by an LLC managed by the Reporting Person and owned by Trusts established for the benefit of the Reporting Person's children and the Reporting Person's spouse's children. The Reporting Person is the Trustee or Co-Trustee for each Trust.
- [F5]On May 27, 2026, the Issuer granted 691 option shares to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The option shares are immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines.